Asheville River Arts District overhaul faces $26M cost overrun

This entry was posted by curator on June 25, 2017 at 3:18 pm

An overhaul of Asheville’s River Arts District meant to transform an industrial-era hodgepodge of roads and buildings into a multimodel system of traffic circles, greenways and bike lanes is facing a $26 million cost overrun. Bids came back in May some 50% higher than anticipated in March 2015, when the project was estimated at $50 million, city officials say. The overrun, attributed to skyrocketing land and construction costs, will likely mean cuts to the project.